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The 10-year US Treasury yield eased Thursday morning, but remained above 1.45%, ahead of a speech by Federal Reserve Chairman Jerome Powell.
The benchmark 10-year T-bill yield fell to 1.453% at 4 a.m. ET. The yield on the 30-year Treasury bill fell to 2.234%. Yields move inversely with prices.
Powell is set to deliver a speech on the U.S. economy at the Wall Street Journal’s Jobs Summit at 12:05 p.m. ET. Investors will follow the speech closely for any comments on the recent bond selloff and concerns about inflation.
Weekly data on new claims for UI benefits in the United States is due for release at 8:30 a.m. ET. Economists polled by Dow Jones predict 750,000 new filers.
Factory order data for January is expected to be released at 10 a.m. ET.
The auctions will take place on Thursday for $ 30 billion in 4-week bills and $ 35 billion in 8-week bills.
– CNBC’s Pippa Stevens contributed to this report.
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